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ECONOMY | Staff Reporter, Singapore

Malaysia has yet to request return of 1MDB private jet: Singapore

The $48.27m jet is amongst assets identified for recall by the US Justice Department.

Bloomberg reported that Singapore has not yet received any formal request from Malaysia to recall the private jet of 1Malaysia Development Berhad (1MDB) financier Low Taek Jho as it is a part of the billion-dollar worth of assets that Prime Minister Mahathir Mohamad eyes to claw back.

The $48.27m Bombardier Global 5000 jet is only one amongst Low’s assets identified for recall by the US Justice Department.

Malaysia is stepping up on its efforts to recoup US$4.5b which allegedly vanished from its state fund 1MDB and has appointed a Singapore law firm to begin its asset recovery efforts.

Any request for the return of seized 1MDB-related assets will be handled according to Singapore’s legal framework, a representative of Singapore police said.

Here’s more from Bloomberg.

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